RealTrends and Tom Ferry’s The Thousand and America’s Best Real Estate Professionals debuted on Friday, with the Top 1000 Teams increasing their average sales volume per team above $ 173 million in 2020.
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Thanks to booming demand for home buyers, home values skyrocketed and mortgage rates historically low, the nation’s top 1,000 teams had a 2020 banner, according to RealTrends + Tom Ferry List of America’s Top 1,000 Real Estate Professionals released on Friday.
The Thousand recognizes the top 0.07 percent real estate agents nationwide, and Ferry’s Top America Real Estate Professionals List recognizes 1.5 percent of the top real estate agents along with the agents and teams real estate that met the basic criteria of 50 closed sides or $ 20 million in volume.
Top producing teams were able to increase their annual sales volume by a whopping 49.7 percent, representing a team average of 252.9 transaction sides in 2020. The top 1,000 individual agents performed just as well, with the average being The Thousand honored by increasing its closed. sides of the transaction 18.2 percent year-on-year.
“Calculating the same data for sales volume, we find that the most productive teams by sales volume increased their results from an average of $ 118,039,226 in 2019 to $ 173,144,415 in 2020, or an average increase of 46.7 percent in one year.” . Steve Murray, Senior Advisor at Real Trends, said about the teams data.
Like T3Sixty’s Mega 1000 list, Revealed the RealTrends report accelerating consolidation in the industry. Ninety-seven percent of the 8,000 individual agents who qualified for the list and 96 percent of the 1,000 teams who made the list were associated with a recognized national or regional brand.
This trend is consistent with the findings of the RealTrends 500 report, which noted that the country’s top 500 brokerages increased their market share by 10 percent in 2020 to 38.5 percent, the highest annual growth rate since RealTrends. began his reports.
“When we aggregate data from the top agents and teams, it seems clear that the top producing companies and agents are growing much faster than the market as a whole,” noted the report on the connection between RealTrends 500 and The Thousand. “At least at this time, there doesn’t seem to be any major change from top agents and teams to owning a brokerage firm, instead they tend to stay affiliated with a regional or national brand.”
One more time, Homes.com founder Ben Caballero topped both individual lists along with Christian Angle Real Estate founder Christian Angle, Ralph Harvey of Listwithfreedom.com and GK Properties founder George Kypreos.
Renowned team leaders Branden and Rayni Williams, The Jills, Chris Cortazzo and Mark Spain also took the top three spots for their respective lists for small, medium, large and mega teams.
Coldwell Banker, RE / MAX, Compass, Keller Williams and Berkshire Hathaway HomeServices dominated the list with various agents and teams taking the top spots by transaction volume and sides.
“Congratulations to the 92 Compass agents and teams named to this year’s WSJ RealTrends #TheThousand list?” Compass CEO Robert Reffkin tweeted on Friday. “What makes an agent great is not just the number of deals they make, but also the commitment and passion they bring to their community.”
“In a year that was incredibly difficult for everyone, I am very proud of how all of our agents guided their clients through one of the most important decisions of their lives while facing many obstacles,” he added. “Congratulations!”
Email Marian McPherson